Bitcoin (CRYPTO: BTC) has gone through some wild swings over the past three years. The world's top cryptocurrency hit $69,000 in November 2021, plunged below $16,000 a year later, then surged to a record high of $73,750 this March. But as of this writing, Bitcoin's price has pulled back to about $64,000.

Those wild price swings might make Bitcoin seem like a risky investment for smaller retail investors. But with just $1,000, investors can still buy fractional Bitcoins or shares of Bitcoin exchange-traded funds (ETFs). Let's review the main factors driving Bitcoin's volatile price swings -- and why it's still a good idea to invest at least $1,000 in the cryptocurrency.

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Source Fool.com